作者认为捷普（JBL）在380亿美元市值下极具吸引力，其1.6T可插拔收发器业务未被市场充分定价。相比应用光电子（AAOI），捷普更具规模优势，并已接手英特尔（INTC）的可插拔产
作者认为捷普（JBL）在380亿美元市值下极具吸引力，其1.6T可插拔收发器业务未被市场充分定价。相比应用光电子（AAOI），捷普更具规模优势，并已接手英特尔（INTC）的可插拔产线。预计SIVE将在2027年上半年成为瓶颈，且需求不成问题。
“Just a random thought: $JBL seems highkey compelling long idea at $38B. Don’t really think markets have priced in their 1.6T LRO pluggable transceiver business yet. Especially if it’s “how much can you make” with $SIVE as the bottleneck H1 2027. Not really is there enough demand. They already have the massive supply chains setup… and took over $INTC pluggable lines. Seems more scalable than $AAOI capex ATMs for laser fabs, if you have $SIVE + tons of different fabs like Win Semi + others mass producing lasers and $JBL doing the rest. So you’re getting that Innolight style setup for free (with US premiums), with an already validated hyperscaler supply chain. Don’t currently have positions, just throwing out a thought for others to do research on. Prob H1 2027 is when everyone starts realizing. Maybe 40% rereating seems plausible? (dont have any open positions, just a thought)”原帖：X / @aleabitoreddit ↗